Types of Industry

Q.

Define industry. Explain various types of industries giving examples.

Q.

Which of the broad categories of industries covers oil refinery and sugar mills?

(a) Primary

(b) Secondary

(c) Tertiary

(d) None of them

Q. Any group of firms producing similar or related goods make up a/an .

1. industry
2. manufacturing unit
3. business
4. service

Q.

The activities that are connected with the extraction and production of natural resources and reproduction and development of living organisms is called ___

1. all of the above

2. secondary industry

3. primary industry

4. tertiary industry

Q. refers to industries which convert raw materials into finished products.

1. Service industry
2. Secondary industry
3. Tertiary industry
4. Primary industry

Q.

An industry that draws out product from natural resources is known as ________________.

1. Genetic industry

2. Extractive industry

3. Analytical industry

4. Assembling industry

Q.

An industry that assembles different component parts to make a new product, as in the case of television, computer etc.

1. Analytical industry

2. Assembling industry

3. Synthetical industry

4. Processing industry

Q.

Which of the following cannot be classified as an auxiliary to trade?

(a) Mining

(b) Insurance

(c) Warehousing

(d) Transport

Q.

Which industry is engaged in producing goods for intermediate or final consumption through processing of raw materials?

1. Secondary Industries

2. Manufacturing Industries

3. Genetic Industries

4. All of the above

Q.

Explain in brief the types of manufacturing industry with examples of products in each type.

Q.

Any group of firms producing similar or related goods make up an ___

1. manufacturing unit

2. business

3. All of the above

4. industry

Q.

Which industries are concerned with using the materials which have already been extracted at the primary stage?

Q.

___ industry includes all those activities which are connected with using the materials which have already been extracted from an earlier stage.

1. Tertiary

2. All of the above

3. Primary

4. Secondary

Q.

What are the various types of industries?

Q. State with reasons whether the following statements are True' or' False' .
(a) Main elements of business activities are industry and trade.
(b) 'Industries' can be classified in five broad categories.
(c) A business activity may be carded out without any sale or exchange.
(d) Conversion of cotton into cloth is an example of a genetic industry.

Q. To which of the broad categories of industries does oil refinery and sugar mills belong?

1. Primary
2. Secondary
3. Tertiary
4. None of these

Q.

Name the industry where poultry farms are dealing with the sapling of plants?

1. Primary industry

2. None of the above

3. Genetic industry

4. Extraction industry

Q.

Mention any one point of difference tradional business and e-business?

Q.

Which industry supplements the activities of primary and secondary industries?

Q. The activites that are related to the extraction of natural resources and reproduction and development of living organisms is come under .

1. tertiary industry
2. secondary industry
3. primary industry
4. service industry

Q. Write short notes on the following.

Primary Industry.

Q. The salient feature(s) of franchising is/are____________.

1. all of above
2. the franchiser allows the franchisee to use his trade mark under a license.
3. the franchise agreement do not requires the franchisee to follow franchiser's policies regarding mode of operation of business as they are free to conduct business in any way they like.
4. the franchiser do not provide training of personnel working in the franchisee organization or any other type of help.

Q. State with reasons whether the following statements are true or False.

Jute business brings maximum foreign exchange.